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BRVM - the TRACTAFRIC share price does not show significant fluctuations during 2020

10/11/2020
Source : AllAfrica
Categories: Index/Markets

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The chief economist of this rating agency based in Abidjan explains this by the simultaneous decline in new vehicles sold (-10%), after-sales service activity (-18.6%) and pneumatic activity (-25.4%), in connection with the health crisis.

The company's net income also fell (-43.8%) over the period under review to 477.9 million FCFA on June 30, 2020. The reduction in the company's profits is mainly due to the contraction in operating profit (-27.2%) and profit from ordinary activities (-41.5%).

On the stock market notes Bloomfield Investment , the tractafric share price does not show significant fluctuations during the year 2020. Over the period from 2 January to 28 August, it averaged 3,009 FCFA, then recorded an overall downward trend thereafter.

At the end of the session of November 6, 2020, the stock is trading at 2,195 FCFA, a decrease of 19% compared to the beginning of the year. The health crisis coupled with the tense socio-political context in Côte d'Ivoire should have a negative impact on TRACTAFRIC's performance and the value of its share in the second half of the year.

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